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Iran biggest oil contracts in decades inked in VP presence
The contracts for the development of 6 Iranian oilfields, worth $13 Bln were signed in a ceremony attended by the first vice president Mohammad Mokhberon on Sunday. The development projects include Azadegan Integrated, phase II of Azar oilfield, phase II of Masjed Soleyman oilfield, and development of Sumar, Saman and Delavaran oilfields. The contracts were signed before the national holiday of the 73rd anniversary of the nationalization of the Iranian oil industry which falls on Tuesday March 19. The contracts are aimed at developing six oil fields and adding 350,000 barrels of oil to the country’s daily ... (full story)